OPEC agrees to take 1.2 million barrels oil cut per day

The Organisation of the Petroleum Exporting Countries (OPEC) has agreed to cut oil production starting from 2017. The resolution to cut production was taken at the 171st meeting of the group in Vienna, Austria. Countries under the organization will now take a cut of 1.2 million barrels per day from January 1, 2017 with the... Read More